In his 2011 annual letter to shareholders, Warren Buffett offered a variety of insights for business owners. Here are five of my favorite pearls of wisdom from the Oracle of Omaha:
1. Don’t throw the baby out with the bath water
Berkshire Hathaway has a significant exposure to the U.S. housing market, yet instead of selling assets or de-prioritizing the industry, Buffett made some additional investments in his housing-related businesses, including purchases of the largest brick manufacturer in Alabama, a new $55-million plant for roofer Johns Manville and five “bolt-on” acquisitions for MiTek.
To read the full, original article click on this link: 5 Things Warren Buffett Wants You to Do in 2011 | BNET
Author: John Warrillow
